The World Fair Trade Organization has declared this week to be World Fair Trade Week. "Fair trade" is quite the buzzword in commerce these days and is generally associated with agricultural products. Chief among those is coffee. The popularity of fair trade coffee is undeniable. But what even is "fair trade" and what does it entail? How "fair" is it? Or is it just a marketing gimmick? James Harrigan and Antony Davies get into the nitty-gritty of this and more in this week's episode of Words and Numbers.
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Links
Foolishness of the Week
news.artnet.com
Fair Trade
Antony Davies
Dr. Antony Davies is the Milton Friedman Distinguished Fellow at FEE, associate professor of economics at Duquesne University, and co-host of the podcast, Words & Numbers.
James R. Harrigan
James R. Harrigan is and the F.A. Hayek Distinguished Fellow at the Foundation for Economic Education and Senior Editor at the American Institute for Economic Research. He is also co-host of the Words & Numbers podcast.
